Strategies for Upgrading the Competitiveness of an Emerging Major Power

Guoqiang Long

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Chapter 2 Strategies for Upgrading the Competitiveness of an Emerging Major Power

In: Political Economy of Globalization and China's Options

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Guoqiang Long

Guoqiang Long
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Type:: Chapter

Pages:: 29–44

DOI:: https://doi.org/10.1163/9789004383944_003

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Abstract

This paper proposes a three-variables model for formulating China’s new strategy of opening up to the outside world. Firstly, the “new normal” of the Chinese economy requires that the opening-up strategy make use of international resources and market services in upgrading China’s innovativeness and structures. Secondly, new opportunities and new challenges provided by the international environment require China’s response. Thirdly, China’s new comparative advantages need to be fully utilized in the new strategy. Therefore, China’s new opening-up strategy will have two major targets, which are (1) creating a mutually beneficial, win-win external environment that supports China’s peaceful development, and (2) upgrading China’s international industrial competitiveness and laddering up China’s position on global value chains.

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Political Economy of Globalization and China's Options

Series: China in the World, Volume: 6

E-Book ISBN:: 9789004383944

Publisher:: Brill

Print Publication Date:: 06 Aug 2018

Subjects
- Asian Studies
  - China
- Social Sciences

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Chapter 2 Strategies for Upgrading the Competitiveness of an Emerging Major Power

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Political Economy of Globalization and China's Options

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